AlphaMark Advisors LLC Boosts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

AlphaMark Advisors LLC increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 30.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 677 shares of the semiconductor manufacturer’s stock after purchasing an additional 160 shares during the period. AlphaMark Advisors LLC’s holdings in Skyworks Solutions were worth $73,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC raised its holdings in Skyworks Solutions by 0.6% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 99 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings in Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 100 shares in the last quarter. Lcnb Corp increased its holdings in Skyworks Solutions by 2.4% in the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in Skyworks Solutions by 7.3% in the first quarter. GAMMA Investing LLC now owns 1,535 shares of the semiconductor manufacturer’s stock valued at $166,000 after buying an additional 104 shares in the last quarter. Finally, Unison Advisors LLC increased its holdings in Skyworks Solutions by 0.7% in the fourth quarter. Unison Advisors LLC now owns 16,997 shares of the semiconductor manufacturer’s stock valued at $1,911,000 after buying an additional 115 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 0.2 %

Shares of SWKS traded down $0.18 during midday trading on Monday, hitting $106.40. The company had a trading volume of 2,025,244 shares, compared to its average volume of 2,429,431. The company’s 50 day moving average price is $97.51 and its 200 day moving average price is $102.66. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 5.07 and a beta of 1.23. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus dropped their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.19.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.